liquidation entity
as defined in Directive 2014/59/EU of the European Parliament and of the Council of 15 May…, Article 2(1), point (83aa) (Definitions)
a legal person established in the Union in respect of which the group resolution plan or, for entities that are not part of a group, the resolution plan, provides that the entity is to be wound up under normal insolvency proceedings, or an entity, within a resolution group other than a resolution entity, in respect of which the group resolution plan does not provide for the exercise of write-down and conversion powers;